He claims he’ll fix the hole but I have a feeling at the last day they’re going to be things I want money for How do you handle it with a situation like thatWhere he’s not going to want to wait for a certified letter and I want to comply with the law. what have you done in the past with a situation like that so he can get his deposit and I can collect for whatever isn’t done. 

You have to distance your current self from whatever it is, a bankruptcy, a foreclosure, 90 day lates, judgements, collections or whatever.  

I've been collecting rent around 5:00-6:00 in the evening from guys that are working night shift. 

We had one like that & we sent the original tenant to collections regardless & they quickly came back with the new tenants information & we proceeded accordingly.

The last tenant will not be collecting the insurance money!

My goal was to buy one to two properties per year for the next 5 to 10 years and then sit back and collect while managing or hiring a property manager to do so.

The pay off in the short term being relatively small compared to fix and flip or a wholesaling strategy, but should pay off in the long run and allow me to continue to collect income without having to be actively involved  on a day to day basis.

They'll be happy to move forward on the deal and collect on both ends. 

Tenants late on rent, send your "muscle" to collect.

I have considered multi-family but don’t know if I will dive in there just yet.I have a goal number in passive income I would like to collect a month and will adjust my investment strategy based on what I see when I jump into it!